Het verhaal
On 8 Sep 2026 Cognition announced a Series E of over $2 billion at a $48 billion valuation for Devin, its autonomous software engineer. New leads Andreessen Horowitz and Accel joined existing backers Founders Fund, General Catalyst, and Avenir, plus a long roster (Benchmark, Bessemer, Kleiner Perkins, Greylock, Lightspeed, and others). Since the May Series D ($1B+ at $26B), Cognition says run-rate revenue grew from $492M to almost $900M. Product notes include Devin Auto-Triage, Security Swarm, and Automations from Slack/GitHub/Linear events; the firm stresses staying an independent agent lab that can mix its own models with third-party ones. TechCrunch frames the round as VCs still betting AI coding is not winner-take-all after Cursor’s SpaceX sale, while noting Cognition’s heavy Nvidia lease costs and own-model training push.